Thanks! That’s really all I’m saying is I hope it’s not effecting job security. And yes I do believe that the vast majority of this country that grew up here care a lot about the U.S.! I’m very patriotic and most Americans are. Remember what happened on 9/11? You saw a great country come together. I really just want American born citizens to truly have first dibs on the jobs that are here. Not brought in on an interview just so a company can say that they gave everyone a fair chance before hiring outside the country. I also believe that there is no way that a company can’t find enough qualified citizens to feel it’s needs. It benefits the company to hire these immigrants otherwise they wouldn’t do it. It’s always about the money.
Lastly, If I had to choose between a company saving a buck to hire outside or leaving the country all together, I would choose that the company stay here.[/quote]
It probably is affecting job security in some cases for some type of work and some places where abuse is rampant.
But I think in this particular case, for Qualcomm, H1-B isn’t the main problem. It’s Qualcomm’s core business is slowing down, they don’t have new ideas, and they are heavily dependent (51% business) on China, where you have a lot of other players that can offer similar products at significant cheaper price without that much difference in quality and feature….So Q is making business decisions to (rather than focus on R&D on next generation things), focus on saving on cost, by shifting as much work abroad as possible.
Unfortunately, what appears to be driving a lot of public tech company decisions these days is “unlocking shareholder value”. The alarming thing about qualcomm, if you look at their restructuring plan is that all about improving shareholder value (buybacks, curbing compensation, cost reduction)… Not much mention about what they are doing to further grow.
When I started at Q, Dr. Jacobs was all about engineering and pushing growth, even if it meant failure in certain investments. And as such, for the longest time, Q stock was “stuck”, as it found ways to grow. Seems like hedge funds/”active investors” these days are driving too much of the business decisions of tech companies , and a lot of larger tech companies aren’t willing to invest seriously in growth anymore. Which unfortunately, is what I think is happening to the Q.
I wonder if it would be better if they did break off QCT and take it private and employee owned.
